Estonia
December 2nd, 2011
Gambling in Estonia is relatively young. While Estonia was a part of the USSR, all types of gambling activities were banned. Despite the prohibition, illegal casinos still functioned, but the real history of gambling started in 1994-1995 when the first Lottery Act of 1994 and the first Gambling Act of 1995 came into power. As [...]
United Kingdom
October 5th, 2011
Gambling in the United Kingdom is regulated by the Gambling Commission on behalf of the government’s Department for Culture, Media and Sport (DCMS) under the Gambling Act 2005. This Act of Parliament significantly updated the UK’s gambling laws, including the introduction of a new structure of protections for children and vulnerable adults, as well as [...]
The Austrian monopoly on the organization and operation of the games of chance
September 20th, 2011
Court of Justice of the European Union PRESS RELEASE No 91/11 Luxembourg, 15 September 2011 Press and Information Judgment in Case C-347/09 Criminal proceedings against Jochen Dickinger and Franz Ömer A monopoly on the operation of internet casino games is justifiable only if it seeks in a consistent and systematic manner to combat the risks [...]
Casino Tokens
April 10th, 2011
Casino tokens are small colored metal or plastic discs used in gambling establishments in lieu of currency or coins. There are two types of tokens used in casinos: multicolor tokens of various denominations called chips, used primarily in table games; and metal token coins, used primarily in slot machines. Money is exchanged for the token [...]
Gambling on horse races
October 27th, 2010
One of the most widespread forms of gambling involves betting on horse races, most commonly on races between thoroughbreds or between standardbreds. Wagering may take place through parimutuel pools; or bookmakers may take bets personally. Parimutuel wagers pay off at prices determined by support in the wagering pools, while bookmakers pay off either at the [...]
Psychological aspects of gambling
June 23rd, 2010
Though many participate in gambling as a form of recreation or even as a means to gain an income, gambling, like any behavior which involves variation in brain chemistry, can become a psychologically addictive and harmful behavior in some people. Reinforcement phenomena may also make gamblers persist in gambling even after repeated losses. Because of [...]
Legal aspects of gambling
March 4th, 2010
Because religious authorities generally frown on gambling to some extent, and because of various perceived social costs, most legal jurisdictions censure gambling to some extent. Islamic nations officially prohibit gambling; most other countries regulate it. In particular, in the majority of circumstances – and perhaps all cases – the law does not recognise wagers as [...]
Baccarat
January 25th, 2010
Baccarat is a gambling card game. It is supposed to have been introduced into France from Italy during the reign of Charles VIII of France (ruled 1483-1498). There are three accepted variants of the game: baccarat chemin de fer (railway), baccarat banque (or a deux tableaux), and punto banco (or North American baccarat). Baccarat (pronounced [...]
Gambling
January 2nd, 2010
The Caesars Palace main fountain. The statue is a copy of the ancient Winged Victory of Samothrace. Gambling has had many different meanings depending on the cultural and historical context in which it is used. Currently, in western society, it generally has an economic definition and meaning and typically refers to “wagering money or something [...]